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Birmingham Mortgages- Four Important Questions To Ask Your Lender Before You Sign Any Of Their Documents

admin — Wed, 03 Mar 2010 15:50:41 +0000

Birmingham, Alabama – In order to get the best Birmingham Mortgage loan for your needs, you need to consider your own financial situation, pre-approval, your credit history, and closing rates. In this discussion, we give you a leg-up on the process, by giving you some pertinent questions to ask lenders before you commit to one.

Do you have a variety of loan programs to fit my cash flow and expected length of ownership needs?

If you are going to live in your new Birmingham AL home for less than five years, you may want to consider an adjustable rate mortgage or “ARM.”

With an ARM your payments will be lower, but they will go up according to the terms of the loan.

If you are going to live in your new home for over five years, a traditional fixed-rate Birmingham mortgage may be a better deal.

Do you offer written mortgage pre-approvals, not just pre-qualifications?

A “pre-qualification” is usually a lender’s opinion of your eligibility for a loan. If you ask to be pre-approved, the lender will actually submit your job and credit history to an underwriter and get a conditional approval for a loan and a loan commitment.

The advantage of having a pre-approval is that it will make your offer to buy Birmingham AL homes for sale stronger and it will usually allow you to close the deal faster.

Click here, if you would like some to get your Birmingham Mortgage Approval. Also, if you are not sure where you want to live check out our Birmingham Alabama real estate community reports or go ahead and search all the Birmingham AL Homes For Sale

Do you have the ability to handle difficult credit history?

Many lenders will only work with you if you have perfect credit, and if a problem comes up, they won’t help you.

Make sure your lender has reviewed and received approval for you and your specific credit history.

Is the rate that you quoted me the rate I will get at closing?

Many lenders advertise their Birmingham mortgage rates in the paper and in homes magazines. These are what are called “Teaser Rates” in the industry. The name says it all.

After they’ve got you committed to using them, many lenders then tell you what the “real” rate will be. By this time, it’s too late for you to do anything about it.

Looking to Buy Birmingham Alabama Real Estate?

If you want to buy a home in the Birmingham Alabama area- we’ve made it fast and easy for you to search all the Birmingham Alabama homes for sale . Search just like the best Birmingham AL Realtors and see all the properties being sold by all Birmingham Alabama Real Estate agents.

Enjoy our fully customizable property search of the complete Birmingham Alabama MLS (multiple listing service) of single family homes, condos, and town houses. We specialize in helping you buy a Birmingham Alabama real estate bargain.(foreclosures and bank owned homes)

Specializing in Selling Birmingham AL Homes

The first thing home sellers need to know is “What’s my Birmingham AL home worth right NOW?” and what are Birmingham home prices doing by neighborhood. Our experience shows it all depends on where YOU live. Please ask for a FREE Comparable Market Analysis Report – CMA on your home so you can see what is actually happening in your neighborhood! No obligation, of course.

Experience shows that to sell a home in Birmingham AL today requires more than just putting a sign in the yard or putting the property information in the MLS.

Successful home sellers have found they need the advice of skilled Real Estate counsultants like us, who have:

strong negotiating skills to get your home sold quickly for the most money even in this real estate market,
a strong internet marketing plan like our Smart Home Selling Plan. In fact, we may already have a buyer for your property because we understand that over 84% of home buyers today are finding their next house on the internet which is why when you use our plan we make sure they are seeing your home first and we also have a
deep understanding of what’s really happening with home values in your real estate market ( Birmingham Real Estate Market Reports by area).

We have helped many families sell their Birmingham homes, quickly and painlessly even in this difficult housing market. In fact, we may already have a buyer for your property because we understand that over 84% of home buyers today are finding their next house on the internet which is why when you use our Smart Home Selling Plan we make sure they are seeing your home first.

Call us to schedule your FREE private real estate consultation to fully understand your home selling options (no pressure no hassles – guaranteed).

Call me today at – 205-383-3358.

Jason Secor - Birmingham Alabama Realtor

5 Simple Things You Need To Know To Make The Birmingham AL Home Buying Process Easier

admin — Tue, 16 Feb 2010 16:05:21 +0000

Birmingham, AL- In reality, there are only 5 things you need to know and do to make your Birmingham AL home buying experience as simple as possible. We are going to share these tips with you below.

1. Get pre-approved for your Birmingham mortgage.
If possible, get “pre-approved” for a loan in the amount you’re willing to borrow.
With this pre-approval, you are in a stronger position to buy a home when you’re ready – rather than finding your dream home, only to lose it to another buyer, because you were waiting on the approval.

Birmingham Mortgage Approval

2. Find a great Birmingham AL real estate consultant.
Once you’ve decided to buy a home, find a great real estate consultant. What you’re looking for is a Buyer’s Agent. This means that the consultant represents YOU as the buyer, rather than the person selling the home. They will have YOUR best interests at heart. Really good consultants know their markets, and will help you find the best match for your needs and wants. They can also recommend mortgage brokers with whom they’ve worked in the past.

3.Look before you leap.
Drive around the neighborhood at different times of day. Get out and walk around and chat with neighbors. Some people like friendly neighbors, others think of them as nosy.
Drive to the local grocery store, laundry, anywhere that you frequent.
Visit nearby schools and see for yourself how the kids behave and how the grounds look. The point is to see if this is really the type of neighborhood you want to live in BEFORE you make an offer.

Birmingham Alabama real estate community report
4. Be prepared.
Make sure your contract has reasonable contingencies included to protect you as a buyer. Reasonable can be things like — approval by a home inspector and title clearance.
For the long-term investment, make sure that you buy homeowner’s insurance, and upgrade it as the value of your new home and its contents increase.

Be reasonable.
No Birmingham AL homes will be without flaws. Many times it’s these flaws that lend character to older homes, but nonetheless, it will take SOME work to personalize any home.
Preparing yourself with these 5 simple things: loan approval, a great real estate consultant, getting to know the neighborhood, protecting yourself, and being reasonable – will help make the home buying process easier for you and your family.

Birmingham AL Homes For Sale

Looking to Buy Birmingham Alabama Real Estate?

If you want to buy a home in the Birmingham Alabama area- we’ve made it fast and easy for you to search all the Birmingham Alabama homes for sale . Search just like the best Birmingham AL Realtors and see all the properties being sold by all Birmingham Alabama Real Estate agents.

Specializing in Selling Birmingham AL Homes

Experience shows that to sell a home in Birmingham AL today requires more than just putting a sign in the yard or putting the property information in the MLS.

Successful home sellers have found they need the advice of skilled Real Estate counsultants like us, who have:

strong negotiating skills to get your home sold quickly for the most money even in this real estate market,
a strong internet marketing plan like our Smart Home Selling Plan. In fact, we may already have a buyer for your property because we understand that over 84% of home buyers today are finding their next house on the internet which is why when you use our plan we make sure they are seeing your home first and we also have a
deep understanding of what’s really happening with home values in your real estate market ( Birmingham Real Estate Market Reports by area).

Call us to schedule your FREE private real estate consultation to fully understand your home selling options (no pressure no hassles – guaranteed).

Call me today at – 205-383-3358.

Jason Secor - Birmingham Alabama Realtor